Becoming very hard to get hold of high spec examples.
The Great Shortage We’ve all noticed strengthening prices in the car market of late. Tom from Romans International discusses why. Written by: Tom Jaconelli
It wasn't that long ago that we were all complaining of a saturated supercar market, too many cars, too many models and tumbling values. How times can change! What we are witnessing right now is the complete opposite, a mass shortage of cars, very few new models actually coming through and values are on the rise. One of the main reasons for this is a global shortage of microchips which has completely stifled new car production. Microchips are essential components of the modern car,
found in the latest digital infotainment displays, in electric seats, or even in the mode switch on that carbon steering wheel. If we rewind to a year ago when the pandemic first struck, not only did car factories partially close down but so did the semiconductor factories which produce these microchips. With home technology experiencing an unprecedented global boom led by the release of the new PlayStation 5 and Xbox Series X, the demand for microchips went through the roof and it has created a supply shock.
The used Porsche market has been absolutely flying with prices increasing over the last 3-4 months.
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